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Arafura Resources Ltd

Arafura Resources' latest pilot plant results are 'very significant and quite unique'

Arafura Resources Ltd (ASX:ARU) CEO Gavin Lockyer updates Proactive Investors on flowsheet development, following news that a phase 6 pilot plant successfully extracted low-value, high-volume cerium from rare earth hydroxide to produce rare earth chloride.

This week the company raised over $3 million in an oversubscribed share purchase plan (SPP). That cash will be used to advance a definitive feasibility study (DFS) on the Nolans Neodymium Praseodymium (NdPr) Project in the Northern Territory.

Quick facts: Arafura Resources Ltd

Price: $0.08

Market: ASX
Market Cap: $86.5 m
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Arafura Resources seizes opportunities amid US-China standoff on rare earth...

Arafura Resources Limited (ASX:ARU) managing director Gavin Lockyer tells Proactive Investors about US-China trade tensions which have put Australia's rare earths companies in the spotlight.     Lockyer said Arufura is not just sitting back and waiting to see what happens,...

on 4/6/19

2 min read